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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Aug 20, 1963
Page
24
The item presents a summary of the Dow Jones closing stock averages for the day, listing key index figures and notable movements. It outlines overall market direction and highlights gains and losses across leading industrial stocks.
Trade in slaughter cattle remains generally steady with limited activity and few clear trends. Calves traded in some areas while yearling supplies linger, and overall demand shows only modest movement amid uneven activity this period.
Air Reserve members of the 9619th Recovery Squadron completed two weeks of training at Bisbee Douglas International Airport. The squadron is part of the B644th Air Force Recovery Group based at Luke AFB, with units at Luke, Tucson, Prescott, Winslow, and Bisbee Douglas to keep missions operating if main bases fail after attack.
Treasury Secretary Douglas Dillon told Congress there is a compelling need for swift action to curb dollar outflow. He urged early enactment of Kennedy's equalization tax on foreign securities sold in U S markets, arguing the deficit will worsen without measures. The plan targets long term securities over three years from developed countries, with a temporary effect through 1965.
George Roberts aged 31 released from a Fairbanks hospital after a 9 day stay following a 400 pound black bear attack on a hunting trip. He suffered extensive skin grafts and muscle damage but is expected to fully recover. Roberts, a University of Arizona graduate, works as a computer expert with RCA at an Air Force radar site.
In a brief special meeting, the South Tucson Town Council cut the property tax rate from 0.9250 to 0.8496 per $100 of assessed value, aiming to reduce town revenue by about $5,000 next fiscal year. Town Clerk Alex Gonzales notes a $1,000 surplus in the general fund allowed the cut, with estimated net income at $27,000 due to higher valuations.
Transactions in the grain futures market were slow on the Board of Trade with prices generally weaker after an early faint rally. Wheat for 1964 delivery trended around unchanged to lower while corn, oats, rye, and soybeans showed modest moves, with September wheat and soybean futures quoted at mixed levels amid thin trading.
Cotton futures were slightly higher with some switching from May to December in near months. The New York Cotton Exchange estimated damastic cotton consumption for June 30 to August 3 at 674,000 bales, boosting the season total to about 2,386,000 bales. Late prices held steady to 25 cents higher, with Oct at 33.47, Dec 33.40, and Mar 33.55.
METALS NEW YORK Aug 20 through Sept non ferrous metal prices today show copper at 27 cents per pound from Connecticut Valley lead at five cents per pound from New York zinc at 17 cents per pound from East St. Louis and tin at 11 5 cents per pound from New York while foreign sugar trades at 1.288 per troy ounce in New York.
A jumble of names, ages, locations and case captions appears in a public records listing. It includes multiple Tucson residents linked with others in distintas suits and decrees, plus several complaints and decrees across various parties and locales.
A long list of birth notices across St. Josephs St Marys Tucson General and Tucson Medical Center includes numerous families reporting newborns born Aug 19 to Aug 20. Named parents include Hendersons Wilson Toll er Pedredon Andrade Hutt Shirley Vasaurs Schell Sadler Paul Messer Richardson Boer Hogg Raslatier De Cancini Evans and others with times and addresses.
New York markets closed irregularly lower in moderately active trading. Motors, oils, and drugs led active issues with short covering on volatile stocks. Xerox rose about 7. Parke, Davis, and Pfizer gained a point or more. Aversharp jumped over 2. Chrysler up about a point. IBM down about 5. Polaroid trimmed a 4 point gain. Sinclair Oil rose over a point as an oil standout. Smith-Douglas fell over 2 in late dealings. Cleveland Electric slipped 4 to 34 on a block of 11,000 shares.
The American Stock Exchange announced an overhaul to take effect September 3, creating a market procedures division to manage tickers and quotations and an office procedures division to oversee admissions arbitration exams and margin rules. Key appointments include Graham Bell as market procedures VP H Vernon Lee Jr as head of office procedures and William Moran leading the new operations committee. Colin Campbell was named secretary of the board and advisory committee.
Treasury balance figures compare August 15, 1963 with August 15, 1947. Deposits for July reach 9.207 billion while calendar year withdrawals total 16.180 billion. Total public debt stands near 305.39 billion with gold assets around 15.58 billion, noting negative adjustments not subject to statutory sink.
DRYGOODS NEW YORK reports a varied session with My Spot and nearby sections of arial cloths dominating activity in the cotton textile market. Wool futures eased as traders priced in lower levels before Australian auctions resume on August 24. Synthetics and acetate rayon orders noted for forward delivery amid cautious sentiment.
Opposition to Prime Minister Jawaharlal Nehru gains momentum as parliamentary unrest and a 24 hour token strike disrupt Bombay. Leftist unions organize action over rising prices and taxes while police patrol the city.
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